FanDuel wants in game wagering but they don't want to pay out winners of their faulty lines | Bob's Blitz

FanDuel wants in game wagering but they don't want to pay out winners of their faulty lines

Mike Guerriero and Chris Calcano say that they made a long shot bet on the Denver Broncos to defeat the Oakland Raiders late during Sunday's game using the FanDuel app. The Broncos ended up winning the game and they say that they should have earned $56,000, the amount that showed up in their account on the app. A screenshot of the app shows the money with the taxes already taken out.

Anthony Prince made a similar bet at the Meadowlands Racetrack in the sports betting lounge ran by FanDuel. Prince says he is owed over $82,610 - but FanDuel also says that it won’t pay due to a line glitch. A spokesperson for FanDuel released a statement to News 12:

"The wager in question involved an obvious pricing error inadvertently generated by our in-game pricing system. Specifically, near the end of the Sunday afternoon game between the Denver Broncos and the Oakland Raiders, the odds for the Broncos (who had the ball and were trailing by two points at the time) to win were +340 (bet $100 to win $340),

The next play, the Broncos completed a 26 yard pass to position themselves to attempt a 36 yard field goal to take the lead in the final seconds of the fourth quarter, clearly positioning the Broncos as the favorite to win. At that moment in the game, our system updated the odds and erroneously posted a price of +75,000 [75 to 1] on the Broncos to win the game (bet $100 to win $75,000) when the correct odds for the Broncos to win the game at that point in time were -600 (i.e., bet $600 to win $100).

A small number of bets were made at the erroneous price over an 18 second period. We honored all such bets on the Broncos to win the game at the accurate market price in accordance with our house rules and industry practice, which specifically address such obvious pricing errors.

We have reached out to all impacted customers and apologized for the error." -- FanDuel director of publicity Kevin Hennessy

The New Jersey Division of Gaming Enforcement is investigating the matter because "A wagering operator shall not unilaterally rescind any wager...without the prior approval of the Division." FanDuel thinks they're above the law. Their rules state, "where a blatant or palpable error is made in offers made, prices offered or bets accepted or in the transmission of any event on which we have purported to offer Live Betting, bets may be settled at the correct price at the time at which the bet was placed, as determined by FanDuel Sportsbook."

Hey, you want in game wagering...

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